Magnolia Oil & Gas Corp's Q3 net income falls 26%

Magnolia Oil & Gas

29/10/2025 20:10

Overview

Magnolia Q3 net income falls 26% yr/yr, adjusted EBITDAX down 10%

Company Q3 production grows 11% yr/yr, setting new quarterly record

Magnolia repurchased 2.15 mln shares, returning $80.3 mln to shareholders

Outlook

Magnolia expects Q4 2025 production at approximately 101 Mboe/d

Company anticipates 10% production growth for full-year 2025

Magnolia expects mid-single digit production growth in 2026

Result Drivers

STRONG PRICE REALIZATIONS - Magnolia's revenue and operating income supported by strong natural gas and NGL price realizations

PRODUCTION GROWTH - Magnolia achieved 11% production growth, setting a new quarterly record, driven by strong well performance

CAPITAL DISCIPLINE - Magnolia's capital spending remained below 55% of adjusted EBITDAX, supporting production growth and shareholder returns

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.40
Q3 Net Income
$78.20 mln
Q3 Adjusted EBITDA
$218.80 mln
Q3 Capex
$118.40 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 8 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the oil & gas exploration and production peer group is "buy"

Wall Street's median 12-month price target for Magnolia Oil & Gas Corp is $27.00, about 15.7% above its October 28 closing price of $22.76

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nBw4RJd6la

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)